..

Form

990

Department of the Treasury

Internal Revenue Service

DAddress
change
DName
change
01n1t1al
return

OF1nal

re tum
DAmended

use IRS
label or
print or
type
See
Specific
lnstruc

FreedomWorks
1775

52-1349353

IRoom/suite ETelephonenumber

Avenue

1100

NW

DC

20006

Section501(c)(3)organizationsand4947(a)(1)nonexemptcharitabletrusts
mustattacha completedScheduleA (Form990 or 990-EZ).

DApphcat1on
pending

202-783-3870

F AccounUng
metllod D

Cityor town,stateor country,andZIP+ 4

Washinaton

return

D Employeridentificationnumber

Inc.

Pennsvlvania

Opento Public
Inspection

and ending

Numberandstreet(or P.O.box 1fma1l1snot deliveredto streetaddress)

t1ons

2005

Undersection501(c),527, or 4947(a)(1)of the InternalRevenueCode(exceptblack lung

benefittrustor privatefoundation)
~ Theorgamzat1on
mayhaveto usea copyof this returnto satisfystatereportingrequirements.

A Forthe 2005calendaryear or tax year beginning

C Nameof orgamzat1on
B Check If
Please
applicable

OMS No 1545-0047

Return of Organization Exempt From Income Tax

Cash

[xJ

Accrual

Other
(specify)

Hand I are not applicable to section 527 organizations.

H(a) Is this a groupreturnfor afflhates? Dves

CxJNo
H(b) If "Yes,'enternumberof aff1hates~ NLA
4 ) ..... Qnsertno) D 4947(a)(1)or
527 H(c) Areall afflhatesincluded? N/A Dves
0No
(If "No,'attacha hst.)
1fthe orgamzat1on's
grossreceiptsarenormallynot morethan$25,000.The
K Checkhere ~
H(d) Is this a separatereturnfliedby an orgamzat1on
coveredby a groupruling? Dves
choosesto Illea return,be
CxJNo
orgamzat1on
neednot Ille a returnwith the IRS;but 1fthe orgamzat1on
sureto Ille a completereturn.Somestatesrequirea completereturn.
Number
I GroupExemot1on
NIA
1fthe orgamzat1on
1snot requiredto attach
M Check~
Sch.B (Form990,990-EZ,or 990-PF).
l Grossreceipts:AddImes6b, Bb,9b, and 10bto lme12~
4 925 691.

www.

f reedomworks.
G Website:
onlyone)~ [x] 501(c)(
J Organizationtype (check

ora

I Part 11 Revenue, Expenses, and Changes in Net Assets or Fund Balances

1
a
b
c
d

GI

:::,

~
GI
cc

2
3
4
5
6a
b
c
7
8a
b
c
d

Ji
0

~
~

m
0

9
a

b
~
c
(6
10
a
fr'
b
I)=[>
c

11
12
13
Cl)
GI
14
Cl)
c
GI
15
Q.
)(
16
w
17
18
Cl)
t;G> 19
< 20
21

z:

Contributions,
gifts,grants,ands1m1lar
amountsreceived:
Directpublicsupport
4.556.366.
1a
Indirectpublicsupport
1b
contributions(grants)
Government
1c
)
noncash$
Total (addImes1athrough1c) (cash$
4i556i366.
Programservicerevenuemcludmggovernmentfeesandcontracts(fromPartVII, lme93)
Membership
duesandassessments
Intereston savingsandtemporarycashinvestments
D1v1dends
and interestfromsecurities
Grossrents
1
6a
116.860.
See Statement
Less:rentalexpenses
6b
Netrentalincomeor (loss)(subtractlme6b from lme6a)
)
Otherinvestmentincome(describe~
Grossamountfrom salesof assetsother
IAl Securities
IBl Other
thaninventory
Ba
Less:costor otherbasisandsalesexpenses
Bb
Gamor (loss)(attachschedule)
Be
Netgamor (loss)(combinelmeBe,columns(A) and(B))
Specialeventsandact1v1t1es
(attachschedule).If anyamount1sfromgaming,checkhere ~ D
Grossrevenue(not mcludmg$
of contributions
reportedon line 1a)
9a
expenses
Less:directexpensesotherthanfundra1smg
9b
Netincomeor (loss)fromspecialevents(subtractline9b from lme9a)
Grosssalesof inventory,lessreturnsandallowances
1oa
Less:costof goodssold
10b
Grossprofitor (loss)fromsalesof inventory(attachschedule)(subtractlme10bfrom line 10a)
Otherrevenue(from PartVII, lme103)
Total revenueladd Imes1d 2 3 4 5 6c 7 Bd 9c. 10c and 11)
Programservices(from lme44, column(B))
Management
andgeneral(from lme44, column(C))
RECEIVED
Fundra1smg
(from line44, column(D))
(.)
Paymentsto aff1hates
(attachschedule)
(/)
Total exoensesladd Imes16and44 columnIAl\
MAY i1b !O\ ;nt1c 0
Excessor (deficit)for theyear(subtractlme17 from lme12)
ti)
Netassetsor fundbalancesat begmnmgof year(from lme73, columr (A))
OGDEN, UT
Otherchangesm netassetsor fund balances(attachexplanation)
Netassetsor fundbalancesat endof year(combineImes18, 19,and20)

::

--

'

e;

6~~3f-16
LHA

ForPrivacyAct andPaperworkReductionAct Notice,seethe separateinstructions.

1d
2
3
4
5

4 556 366.

6c
7

116 860.

1 117.

Bd

9c

10c
11
12
13
14
15
16
17
18
19
20
21

251.348.
4.925 691.
2.860 452.
319 585.
468.585.
3.648 622.
1 277.069.
331 251.

o.

1 608 320.
Form990 (2005)

15360429

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FreedomWorks

2005.05050

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52-1349353
2o'os
All orgamzat1ons
must completecolumn(A). Columns(B), (C),and (D) are requiredfor section501(c)(3)
Statement of
and (4) orgamzat1ons
and section4947(a)(1)nonexemptcharitabletrusts but optionalfor others.
Functional Expenses

Form 990

Part II

Do not include amounts reported on /me

(B) Program

(A) Total

6b, Bb, 9b, 10b, or 16 of Part I

services

(C) Management
and general

Pa

e2

(D) Fundra1sing

22 Grants and allocations (attach schedule)

0.

0 noncash $

(cash $

If this amount includes foreign grants, check here .....

(attach
23 Spec1f1cassistance to 1nd1v1duals
schedule)
..
24 Benefits paid to or for members (attach
schedule)
25 Compensation of officers, directors, etc.* *
26
27
28
29
30
31
32

Other salaries and wages

Pension plan contnbut1ons
Other employee benefits
Payroll taxes
Professional fundra1s1ngfees
Accounting fees
Legal fees

22
23
24
25
26
27
28
29
30
31
32
33
34

293.412.
484.073.

33 Supplies
34 Telephone
35 Postage and shipping
35
36 Occupancy
36
37 Equipment rental and maintenance
37
38
38 Printing and pubhcat1ons
39 Travel
39
40 Conferences, conventions, and meetings
40
41 Interest
41
42 Deprec1at1on,depletion, etc (attachschedule) 42
43 Other expenses not covered above (1tem1ze).
a
b
c

59.023.
75.730.

65 124.
41. 420.
8.354.
7 249.
171 200.

51.856.
47.283.
171 200.
62 571.
5 515.
9 363.
37 315.
19 601.
236 971.
21 910.
44 303.
190.922.
30 179.

33.090.
30.874.

10.412.
9.160.

4 428.
5.515.
3 745.
26 575.
12 315.
155 098.
14 396.
30 025.
179 443.
27 613.

58 143.

24 889.

16 290.

5
6
1
45
4

115.
577.
049.
427.
169.
27.
601.

4
6
36
3
14
10
2

4 771.

503.
163.
237.
446.
345.
251.
878.
566.

3 828.

43a
43b
43c
43d
43e
431
43a

e
f

169.265.
366.923.

See

Statement

1.917.259.

1.784.857.

44 Total functional expenses. Add lines 22

through 43. (Organizations completing
columns (B)(D),carry these totals to Imes
13-15)

44
3.648 622.
2.860 452.
Joint Costs. Check .....
1fyou are following SOP 982.
Are any Jointcosts from a combinededucationalcampaignand fundra1sing
sohc1tat1on
reportedin (B) Programservices?

N /A
N /A

If-Yes,"enter(i) the aggregateamountof theseJointcosts$

{iiil the amountallocatedto Managementand general$

39.381.

93 021.

319 585.

468 585.

....

; (ii) the amountallocatedto Programservices$ __

: and {iv) the amountallocatedto Fundra1sing
$

Yes

[xJ

No

---=-N'-'/....,A=--N /A
Form990 (2005)

**

See

Statement

523011
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15360429

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Part Ill Statement of Program Service Accomplishments

52-1349353

Form 990

Pa

e3

(See the mstruct,ons.)

Form 990 1savailable for public inspection and, for some people, serves as the pnmary or sole source of information about a particular organization.
How the public perceives an organization 1nsuch cases may be determined by the 1nformat1onpresented on its return. Therefore, please make sure the
return 1scomplete and accurate and fully descnbes, 1nPart Ill, the organization's programs and accomplishments.
What 1sthe organization's primary exempt purpose? ~

See

Statement

ProgramService
Expenses
(Requiredfor 501(c)(3)
and (4) orgs., and
4947(a)(1)trusts; but

All organizations must describe their exempt purpose achievements 1na clear and concise manner. State the number of
chants served, publications issued, etc Discuss achievements that are not measurable. (Section 501 (c)(3) and (4)

optionalfor others.)

organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others)

a Federal
education
such as
litioation

Advocacv
research
and
and State
Camoaians:
on reformino
Federal
and state
oolicies
in
taxation
securitv.
soendina
oolicv
social
reform
and other
related
issues.

(Grants and allocations

l If this amount includes fore1an arants check here

b Public

Affairs:
Advocacv
reducina
Federal
reaulations
information
disseminatino
education.
on-line

(Grants and allocations

Proarams:
consumer-focused
in both
research

(Grants and allocations

research
and education
on how
will
imorove
the economv bv
throuqh
orint.
broadcast
media.

l If this amount includes fore1an orants check here

c Other

areas

Various
economic
domestic

oroarams
aimed at
oolicies
throuah
and international

oromotina
education
economic

l If this amount includes fore1an a rants check here

$
(Grants and allocations
Other program services (attach schedule)

l If this amount includes fore1an orants check here

(Grants and allocations

l If this amount includes fore1an orants check here

f Total of Program Service Expenses (should equal hne 44, column (B), Program services)

2.739

839

ana

56.530.

and
markets.

D
D

64 083.

2,860,452.
Form990 (2005)

523021
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Form 990 (2d05)

I Part IV I Balance Sheets

52 -1 349353

Inc.

FreedomWorks
(See the mstruct,ons.)

..

Cash non-interest-beanng

46

Savings and temporary cash investments

47a

48 a Pledges receivable
b Less: allowance for doubtful accounts

48a

Ill
Ill

Receivables from officers, directors, trustees,

and key employees
b Less: allowance for doubtful accounts
Inventories for sale or use

53

Prepaid expenses and deferred charges

54

Investments

IXI
"C

b Less: accumulated deprec1at1onStmt

Otherassets (describe .... Due
from

56

I 51a I
6

551 287.
466 894.

57b

related

parties

..

148
756

178.
082.

57c

1.359
872

603.
536.

59

58

Total assets (must eaual line 741. Add lines 45 throuah 58

Accounts payable and accrued expenses

61

Grants payable

61

62

Deferred revenue

62

63

Loans from officers, directors, trustees, and key employees

66

Total liabilities.

64b
See

Statement

Add lines 60 throuoh 651

that follow SFAS 117, check here ....

[xJ

155

816.

65

108.416.

1 028

352.

66

555.675.

324 823.
6 428.

67

1.158.320.
450.000.

and complete lines

67 through 69 and lines 73 and 74

67

Unrestricted

68

Temporarily restricted

69

Permanently restricted

68
69

Organizations

..

70

Capital stock, trust pnnc1pal, or current funds

70

71

Pa1d-1nor capital surplus, or land, bu1ld1ng,and equipment fund

71

72

Retained earnings, endowment, accumulated income, or other funds

72

73

Total net assets or fund balances (add Imes 67 through 69 or Imes70 through 72;

74

column (A) must equal hne 19; column (B) must equal lme 21)
Total liabilities and net assets/fund balances. Add Imes66 and 73

..

Ill

Cl)

Ill
Ill

..

<
Cl)
z

2.163.995.
447.259.

64a

b Mortgages and other notes payable

Other liab1l1ties
(describe ....

84.393.
135.938.

63

64 a Tax-exempt bond liab11it1es

65

60

::,
LL.

154.169.
549.879.

55c

55b

60

Ill

c
ca
'iii

54

55a

Investments other

Organizations
u

53

59

::i

Cl)

97 051.
16.784.

land, bu1ld1ngs,and

57 a Land, bu1ld1ngs,and equipment: basis

~
~
ca

[xJ FMV

..,. Dcost

b Less accumulated deprec1at1on

Cl)

51c

51b

..

equipment: basis

Ill

50

52

52

58

473 488.

48c

I 51a I

51 a Other notes and loans receivable

56

47c

49

50

55 a Investments

72.072.

48b

Grants receivable

secunt1E&tmt

766 128.

473.488.

47b

49

<

45
46

47 a Accounts receivable
b Less: allowance for doubtful accounts

Ill

Cl)

Begmnmgof year

269.436.

45

(B)
End of year

(A)

Note: Where reqwred, attached schedules and amounts w1thm the descnpt1on column
should be for end-of-year amounts only.

Paqe

that do not follow SFAS 117, check here .... Dand

complete lines 70 through 74

331
1.359

251.
603.

73
74

1. 608 320.
2.163.995.
Form 990 (2005)

523031
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Formsso2o'os

Part IV-A

Reconciliation

Inc.

52-1349353

of Revenue per Audited Financial Statements With Revenue per Return

Pae5

(See the

mstruct,ons.)

a
b
1
2
3
4

Total revenue, gains, and other support per audrted financial statements

Donated services and use of fac1ht1es

..

Recoveries of pnor year grants

Other (specify)
Subtract hne b from hne a
Amounts included on Part I, line 12, but not on hne a:

....

d
1 Investment expenses not included on Part I, hne 6b
2 Other (specify):
Add hnes d1 and d2
e Total revenue (Part I hne 12). Add hnes c and d

I Part
a
b
1
2
3
4

0.
4 925. 691.

d
e

4.925.691.

IV-B

Reconciliation

Id1 I
d2
~

0.

of Expenses per Audited Financial Statements With Expenses per Return

a

Total expenses and losses per audited financial statements

3.648

622.

Amounts included on hne a but not on Part I, hne 17:

b1
b2
b3
b4

Donated services and use of fac1ht1es

Prior year adJustments reported on Part I, hne 20
Losses reported on Part I, hne 20
Other (specify):
Add hnes b1 through b4

4,925.691.

b1
b2
b3
b4

Net unrealized gains on investments

Add hnes b1 through b4

Amounts included on hne a but not on Part I, hne 12

d Amounts included on Part I, hne 17, but not on line a:

1 Investment expenses not included on Part I, line 6b
2 Other (specify):
Add Imes d1 and d2
e Total exDenses (Part I hne 17\ Add hnes c and d

I Part

V-A I

0.

..

Subtract line b from hne a

3 648,622.

Id1 I
d2

o.

e
3 648 622.
Current Officers, Directors, Trustees, and Key Employees (IJst each person who was an officer, director, trustee,
or key employee at any time dunng the year even 1fthey were not compensated ) (See the mstruct,ons.)
(B) Title and averagehours (C) Compensation (Dlcontr,but,ons to
(E) Expense
1
accountand
(A) Nameand address
per weekdevotedto
(If not paid, enter ~1
pos1tmn
-0-. l
compensation plans otherallowances
~

tii~~~:~

See

Statement

289.500.

0.

3.912.

Form990 (2005)
523041 02-03-06

15360429

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FreedomWorks

2005.05050

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FREEDOM!

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Form 990 (2005)
FreedomWorks.
I Part V-A I Current Officers, Directors, Trustees, and Key Employees
75 a

52 - 1349353

Enter the total number of officers, directors, and trustees permitted to vote on organization business at board

meetings

Page

Yes No

(continued)

Are any officers, directors, trustees, or key employees listed in Form 990, Part VA, or highest compensated employees
listed 1nSchedule A, Part I, or highest compensated professional and other independent contractors listed 1nSchedule A,
Part II-A or 11-8,related to each other through family or business relat1onsh1ps? If "Yes," attach a statement that identifies
the ind1v1dualsand explains the relat1onsh1p(s)

75b

Do any officers, directors, trustees, or key employees listed 1nForm 990, Part V-A, or highest compensated employees
listed 1nSchedule A, Part I, or highest compensated professional and other independent contractors listed 1nSchedule A,
Part II-A or 11-8,receive compensation from any other organizations, whether tax exempt or taxable, that are related to this
organization through common supervision or common control?
10
See St.atement

75c

75d

Note. Related organizations include section 509(a)(3) supporting organizations.

If "Yes; attach a statementthat 1dent1fles
the md1v1duals,
explainsthe relat1onsh1p
betweenthis organizationand the other orgamzat1on(s),and
describes the compensationarrangements,mcludmgamounts paid to each md1v1dual
by each related organization.

d Does the organization have a wntten conflict of interest policy?

I Part V-8 I Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other

Benefits (If any former officer, director, trustee, or key employee received compensation or other benefits (described below) during
the year, list that person below and enter the amount of compensation or other benefrts 1nthe appropriate column. Seethe mstruct1ons.)
(D) Contribut,ons to (E) Expense
benefit
(A) Nameand address
(B) Loans and Advances (C) Compensation employee
account and
plans & deferred
compensation clans other allowances
None

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------I Part VI I Other Information

Yes No

(See the mstruct,ons.)

76

Did the organization engage 1nany act1v1tynot previously reported to the IRS? If "Yes," attach a detailed
descnpt1on of each act1v1ty

76

77

Were any changes made in the organizing or governing documents but not reported to the IRS?

77

x
x

If "Yes," attach a conformed copy of the changes.

78 a
b
79
80 a

Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return?
If "Yes," has 1tfiled a tax return on Form 990-T for this year?

N/A

..

Was there a liqu1dat1on, d1ssolut1on,termination, or substantial contraction during the year? If "Yes," attach a statement

If "Yes," enter the name of the organization~

See

Statement

and check whether 1t 1s

81 a
b

Is the organization related (other than by assoc1at1on with a statewide or nat1onw1deorganization) through common

80a

membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?

78a
78b
79

Enter direct or indirect political expendrtures. (See line 81 1nstruct1ons.)

exempt or

I 81a I

nonexempt

0.
81b

Did the oroanizat1on file Form 1120-POL for this vear?

Form 990 (2005)

523161/02-03-06

15360429

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2005.05050

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Form 990 !2005)

FreedomWorks
I Part VI I Other Information (continued)

52-1349353

Inc.

Paae7

Yes No

82 a Did the organization receive donated services or the use of matenals, equipment, or facllrt1esat no charge or at substantially
less than fair rental value?
b If "Yes," you may 1nd1catethe value of these rtems here. Do not include this

..

82a

.. ... .

amount as revenue 1nPart I or as an expense 1nPart II.

82b
(See 1nstruct1onsm Part Ill.)
83 a Did the organization comply with the pubhc inspection requirements for returns and exemption apphcat1ons?

NIA

b Did the organization comply wrth the disclosure requirements relating to quid pro quo contnbut1ons?
84 a Did the organization sohc1tany contnbut1ons or gifts that were not tax deductible?
...

.NIA ..

83a

83b
84a

b If "Yes," did the organization include with every sohc1tat1onan express statement that such contnbut1ons or gifts were not
85

tax deductible?

84b

501(c)(4), (5), or (6) organizations a Were substantially all dues nondeductible by members?

85a

b Did the organization make only in-house lobbying expenditures of $2,000 or less?

X
X
X

85b

If "Yes" was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a
waiver for proxy tax owed for the prior year.
c Dues, assessments, and s1m1laramounts from members

..
...

d Section 162(e) lobbying and poht1calexpenditures

e
f
g
h

Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices

Taxable amount of lobbying and poht1calexpenditures {hne 85d less 85e)

85c
85d
85e
85f

..

Does the organization elect to pay the section 6033(e) tax on the amount on hne 85f?

NIA
NIA
NIA
NIA
N/A

85a

N/A

85h

If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on hne 85f
to its reasonable estimate of dues allocable to nondeductible lobbying and poht1calexpenditures for the
following tax year?
501(c)(7) organizations. Enter: a lnit1at1onfees and capital contnbut1ons included on

86

hne 12

86a

b Gross receipts, included on line 12, for pubhc use of club fac1ht1es

86b

501(c)(12) organizations. Enter a Gross income from members or shareholders

87

87a

NIA
NIA
NIA

b Gross income from other sources (Do not net amounts due or paid to other sources
against amounts due or received from them.)

87b
NIA
At any time dunng the year, did the organization own a 50% or greater interest 1na taxable corporation or partnership,

88

or an entrty disregarded as separate from the organization under Regulations sections 301 77012 and 301.77013?
If "Yes," complete Part IX

88

89 a 501(c)(3) organizations. Enter: Amount of tax imposed on the organization dunng the year under.

section4911....

N /A

; section4912.....

N /A

; section4955..,._---'Nc.c..L../=A=------

b 501(c)(3) and 501(c)(4) organizations. Did the organization engage many section 4958 excess benefit
transaction dunng the year or did 1tbecome aware of an excess benefit transaction from a prior year?
If "Yes," attach a statement explaining each transaction

89b

c Enter: Amount of tax imposed on the organization managers or d1squahfiedpersons dunng the year under
sections 4912, 4955, and 4958

..,.______

d Enter: Amount of tax on hne 89c, above, reimbursed by the organization

o~.

. ..,. ______

o=--=-.

90 a List the states with which a copy of this return 1sfiled ..,. __
-=S'--'e=e'--'S=-=tc...::a=-t=-=e=-=m=ec::n=-t=-...,1=-=1'------,--,.--------b Number of employees employed 1nthe pay penod that includes March 12, 2005
j 90b j
0
91a

Thebooksaremcareof..,. The Organization

Locatedat..,. 177 5 Pennsylvania
Ave.

Telephoneno
.....

, NW, Washington,

DC

(202}
ZIP+ 4..,.

783-3870
=2~0~0~0~6~--

b At any time dunng the calendar year, did the organization have an interest 1nor a signature or other authority

Yes No

over a financial account 1na foreign country (such as a bank account, secunt1es account, or other financial
account)? .
If "Yes," enter the name of the foreign country ....._____
N~_A
____________________

91b

91c

See the 1nstruct1onsfor exceptions and fihng requirements for Form TD F 90-22.1, Report of Foreign Bank
and Financial Accounts.
c At any time dunng the calendar year, did the organization maintain an office outside of the United States?

92

If "Yes," enter the name of the foreign country .....____

...,N=<--=A""--------------------Sect1on 4947(a)(1) nonexempt chantable trusts f1/mgForm 990 m lieu of Form 1041- Check here
and enter the amount of tax-exempt interest received or accrued dunng the tax year

....o
92

N/A
Form990 (2005)

523162
02-0306

15360429

739466

FreedomWorks

2005.05050

7
FreedomWorks,

Inc.

FREEDOM!

52 - 1349353

Inc.

FreedomWorks

Form 990 (2<105)

I Part VII I Analysis of Income-Producing Activities

(See the mstruct,ons.)

Unrelatedbusinessincome
(A)
(B)
Business
Amount
code

Note: Enter gross amounts unless otherwise

indicated.

93 Program service revenue:

Excluded by section 512, 513,

(C)

or 514

(E)
Relatedor exempt
functionincome

(D)
Amount

Exclu-

s1on

Page 8

code

a
b

c
d
e
f Med1care/Medica1dpayments
g Fees and contracts from government agencies .
94 Membership dues and assessments
95 Intereston savingsand temporarycash investments
96 D1v1dendsand interest from secunt1es
97 Net rental income or (loss) from real estate:
a debt-financed property
b not debt-financed property
98 Net rental income or (loss) from personal property
99 Other investment income
100 Gain or (loss) from sales of assets
other than inventory
101 Net income or (loss) from special events
102 Gross profit or (loss) from sales of inventory
103 Other revenue.

List Rental
Program
Affinity
Other Revenue

a
b

14

1 117.

16

116 860.

15
15
16

71 737.
174 177.
5 434.

d
e

0.

104 Subtotal (add columns (B),(D),and (E))

105 Total (add hne 104, columns (B),(D), and (E))

369 325.
....__

o.
~3......
6......
9......
,......
3-2~5~.

Note: Lme 105 plus /me 1d, Part I, should equal the amount on /me 12, Part I.

I Part

VIII I Relationship of Activities to the Accomplishment

Line No.

...

of Exempt Purposes

I Part IX I Information Regarding Taxable Subsidiaries and Disregarded Entities

(A)
Name,address,and EINof corporation,
oartnersh10.or d1sreoarded
ent1tv

See Statement

I Part

(See the mstruct,ons.J

Explainhow eachact1v1ty
for which income1sreportedin column(E) of PartVII contributedimportantlyto the accomplishmentof the organization's
exemptpurposes(otherthan by providingfunds for such purposes).

12

(B)
Percentageof
ownershminterest
%
%
%
%

(See the instructions.)

(D)

(C)
Natureof act1v1t1es

(E(-

End-o-year
assets

Totalincome

Information Regarding Transfers Associated with Personal Benefit Contracts

(See the instructions.)

(a) Did the organization,during the year,receiveany funds, directlyor indirectly,to pay premiumson a personalbenefitcontract?
(b) Did the organization,during the year,pay premiums,directlyor indirectly,on a personalbenefitcontract?
Note: If "Yes" to (b), ftle Form 8870 and Form 4720 (see instructions).

Dves
Dves

00
00

No
No

Please
Sign
Here
Date
Paid
Preparer's
Use Only
523163
02-03-06

J./-J-tf--0,
Firm's name (or
yours 11
self-employed),
address, and
ZIP + 4

Rogers & Company PLLC

111...8300Boone Boulevard,
Suite
ll""vienna
Vir inia 22182

600
Phoneno. ..,..

703

893-0300
Form990 (2005)

15360429

739466

FreedomWorks

2005.05050

FreedomWorks,

Inc.

FREEDOM!

2005 DEPRECIATION AND AMORTIZATION REPORT

Form 990 Page

Asset

No

Various
property
!equipment
* Total 990 Page
Pepr

528102
01-06-06

Date
Acquired Method

Descript1on

and

~a ~i es ~L

990

2
Life

Line

No

. ooo 16

Unad1usted
CostOrBasis

Bus%
Exel

ReductionIn
Basis

551,287.

BasisFor
Deprec1at1on

Accumulated
Current
Deprec1at1on Sec179

551,287

. 442,005.

551,287.

442,005.

AmountOf
Deprec1at1on

24,889.

2
551,287.

(D) Asset disposed

17

0.

0.

24,889.

ITC, Section 179, Salvage, Bonus, Commercial Rev1tahzation Deduction, GO Zone

'

FreedomWorks,

52-1349353

Inc.
Rental

Form 990

Kind

and Location

Subleasing
Total

to

of

Activity
Number

of Property

facilities

Form 990,

Part

I,

line

Other
(A)

Description

Total

Professional
fees
Advertising
Insurance
Noncapital
expenses
Rentals
Miscellaneous
Novelties
Dues
Photography
Subscriptions
Reimbursed
fees
to

15360429

Fm 990,

739466

ln

43

Expenses
(B)

Program
Services

311,446.
1,542,376.
20,460.
13,026.
44,336.
26,828.
16,463.
775.
196.
3,225.
<61,872.>

185,830.
1,541,678.
13,391.
3,621.
24,194.
<2,357.>
16,463.
518.
196.
1,323.

1,917,259.

1,784,857.

FreedomWorks

2005.05050

Gross
Rental
Income
116,860.
116,860.

6a

Form 990

Total

Statement

Income

18
FreedomWorks,

Statement

(C)
Management
and General
56,198.
698.
3,922.
8,045.
2,222.
28,099.
167.

( D)
Fundraising
69,418.
3,147.
1,360.
17,920.
1,086.
90.

1,902.
<61,872.>
39 381.
t

Inc.

93,021.

Statement(s)
1, 2
FREEDOM!

FreedomWork9,
Form

Matt
A.

Officer

990

Name of

Officer,

Program

Services

A.

Officer,

Program

A.

Compensation

Statement

Allocation
25

Employee
Ben. Plans

Expense
Accounts

101,106.

3,912.

85,940.

3,325.

Totals
of
A, B & c

89,265.

10,111.

391.

10,502.

5,055.

196.

5,251.

Compensation

Employee
Ben. Plans

Expense
Accounts

Totals
of
A, B & C

48,521.
Services
and

Officer,

General

etc.

Brown

48,521.

48,521.

Program

Employee
Ben. Plans

Expense
Accounts

Totals
of
A, B & C

Services
and

General

Fundraising

15360429

Compensation
59,873.

B. Management

c.

etc.

Compensation
Part
II,
Line

Fundraising

Name of
Jaci

General

Mulcahy

B. Management
C.

and

Fundraising

Name of
Judy

etc.

Kibbe

B. Management

c.

52-1349353

Inc.

739466

59,873.

FreedomWorks

2005.05050

59,873.

19
FreedomWorks,

Inc.

Statement(s)
3
FREEDOMl

FreedomWorks,

Name of

Officer,

Honorable
Armey

52-1349353

Inc.

Richard

Totals
of
A, B & C

Expense
Accounts

Employee
Ben. Plans

Compensation

etc.
K.

80,000.

A. Program

B. Management

80,000.

80,000.

Services
and

General

C. Fundraising

Total

Program

Total

Management

Total

Fundraising

Total

Officer,

Form

59,023.

and General

65,124.
etc.,

Compensation

Statement

990

169,265.

Services

of

included

Organization's
Part

on Line

Primary

293,412.

25

Exempt

Purpose

Statement

III

Explanation
Public
policy,
advocacy
and educational
freedom
of choice
in a market
economy.

organization

Form 990

Securities

Security

Non-Goverrunent

Description

Money market
Stocks

funds

To Form 990,

line

15360429

739466

Cost/FMV
FMV
FMV
54,

Col

FreedomWorks

Corporate
Stocks

Corporate
Bonds

that

supports

consumers

Statement
Other
Publicly
Traded
Securities

357,840.

2005.05050

20
FreedomWorks,

Total
Non-Gov't
Securities

192,039.

192,039.
357,840.

192,039.

549,879.

357,840.

Statement(s)
Inc.

3, 4, 5
FREEDOMl

FreedomWorks,

52-1349353

Inc.
Depreciation

Form 990

of Assets

Total

property
to

for

Cost or
Other Basis

Description
Various

Not Held

and

Form 990,

equipment

Part

IV,

Form 990

ln

57

Other

Statement

Investment
Accwnulated
Depreciation

Book Value

551,287.

466,894.

84,393.

551,287.

466,894.

84,393.

Liabilities

Statement

Description
Deferred
Capital
Total

73 t 791.
34,625.

obligations

Form 990,

Form 990

Part

Part

IV,

line

V - List
Trustees

65,

Ste.

1100

Judy Mulcahy
1775 Pennsylvania
Ave.,
Washington,
DC 20006

Ste.

1100

Jaci
Brown
1775 Pennsylvania
Ave.,
Washington,
DC 20006

Ste.

1100

Honorable
Richard
K. Armey
1775 Pennsylvania
Ave.,
Ste.
Washington,
DC 20006

1100

Vice

Expense
Account

0.

President
18.00

48,521.

0.

0.

President
18.00

59,873.

0.

0.

80,000.

o.

0.

0.

0.

Board

2005.05050

Employee
Ben Plan
Contrib

101,106.

Board

Honorable
James H. Burnley,
IV
1775 Pennsylvania
Ave.,
Ste.
1100
Washington,
DC 20006

Statement

Compensat ion

President
18.00
Vice

FreedomWorks

108,416.

Title
and
Avrg Hrs/Wk

Matt Kibbe
1775 Pennsylvania
Ave.,
Washington,
DC 20006

739466

Colwnn

of Officers,
Directors,
and Key Employees

Name and Address

15360429

Amount
rent
lease

to

Member
8.00

Member
1. 00

21
FreedomWorks,

0.

Statement(s)
Inc.

3,912.

6, 7, 8
FREEDOM!

FreedomWorks,

52-1349353

Inc.
Board

'rhomas Knudsen
Ave.,
1775 Pennsylvania
DC 20006
Washington,

Ste.

1100

David H. Padden
1775 Pennsylvania
Ave.,
Washington,
DC 20006

Ste.

1100

J. Stephensen
Richard
1775 Pennsylvania
Ave.,
Washington,
DC 20006

Ste.

1100

Honorable
c. Boyden Gray
1775 Pennsylvania
Ave.,
Ste.
Washington,
DC 20006

1100

Totals

Part

Included

Board

Form 990

Board

Identification
Part

Name of

0.

0.

o.

0.

0.

0.

1. 00

0.

o.

0.

Member
5.00

0.

0.

0.

Member
1. 00

Board

on Form 990,

Member
1. 00

Member

of Related
VI, Line

Exempt

Organization

739466

FreedomWorks

2005.05050

3,912.

Statement

Organizations
80b

NonExempt

x
x
x
x
x
x

FreedomWorks
Foundation,
Inc.
FreedomWorks
Political
Action
Committee
Oregon CSE Political
Action
Committee
Taxpayer
Defense
Fund
Citizens
for PERS Reform
The FreedomWorks
Fund
League of Freedom Voters
CSE FreedomWorks,
Inc.
Citizens
for a Sound Economy, Inc.

15360429

o.

289,500.

x
x

22
Freedomworks,

Inc.

Statement(s}
8, 9
FREEDOM!

FreedomWorks,
Form

52-1349353
Part

990

Officer's
Matt

Inc.

Name

Employee
Benefit
Plan
Contribution

Foundation,

Relationship

Between

Historical

Employer
Inc.

ID Number

52-1526916

Organizations

relationship/common

Compensation

4,908.

Organization

FreedomWorks

10

Expense
Account

126,866.

Related

Employee

Statement

from

Compensation

Kibbe

Name of

officers

and board

members

Description

compensation

Officer's
Jaci

V-A Officer
Compensation
Related
Organizations

Name

Compensation

Brown

Employer

Organization

FreedomWorks

Foundation,

Relationship

Between

Inc.

ID Number

52-1526916

Organizations

relationship/common

Compensation

Expense
Account

75,128.

Name of Related

Historical

Employee
Benefit
Plan
Contribution

officers

and board

members

Description

Employee

compensation

15360429

739466

FreedomWorks

2005.05050

23
FreedomWorks,

Inc.

Statement(s)
10
FREEDOM!

FreedomWorks,

Officer's

Name

Honorable

Richard

Name of

Related

Between

Officer's

Organizations
officers

and board

compensation

Name

FreedomWorks

Compensation

Organization
Foundation,
Between

Historical

Employer
Inc.

Expense
Account

ID Number

52-1526916

Organizations

relationship/common

, Compensation

Employee
Benefit
Plan
Contribution

60,883.

Related

, Relationship

members

Description

Mulcahy

Name of

ID Number

52-1526916

Inc.

relationship/common

Non-employee

Judy

Employer

Organization

Relationship

Expense
Account

320,000.

K. Armey

Foundation,

, Compensation

Employee
Benefit
Plan
Contribution

Compensation

FreedomWorks

Historical

52-1349353

Inc.

officers

and board

members

Description

Employee

compensation

15360429

739466

FreedomWorks

2005.05050

24
FreedomWorks,

Inc.

Statement(s)
10
FREEDOM!

FreedomWorks,
I
I
!

52-1349353

Inc.

===================================================================
List

Form 990

of

States
Receiving
Part VI, Line

Copy of Return
90

Statement

11

States
AL,AK,AR,AZ,CA,CO,CT,DE,FL,GA,HI,ID,IL,IN,IA,KS,KY,LA,ME,MD,MA,MI,MN,MS,MO
MT,NE,NV,NJ,NM,NY,NC,ND,0H,0K,0R,NH,PA,RI,SC,SD,TN,TX,UT,VT,VA,WA,WV,WI

15360429

739466

FreedomWorks

2005.05050

25
FreedomWorks,

Inc.

Statement(s)
11
FREEDOM!

..

FreedomWorks,

52-1349353

Inc.

'

Statement

Part IX - Information
Regarding
Taxable
Subsidiaries
and Disregarded
Entities

Form 990

Name of Corporation,

Partnership

Citizens

Economy,

for

a Sound

or Disregarded

12

Entity

Inc.

Address
1775

Penn.

Ave.,

NW #1100,

Employer
ID Number

Percent
Owned

20-2810833

100.00%

15360429

739466

Washington,

Nature

DC

20006

of Activities

Total
Income

Dormant

FreedomWorks

End-of-Year
Assets
0.

2005.05050

26
FreedomWorks,

Inc.

0.

Statement(s)
12
FREEDOM!